Locam is an Italian-based loan servicer that specializes in the evaluation, acquisition and collection of non-performing loans. The firm is active in the residential and commercial mortgage loan market, and has a strong track record of purchasing secured and unsecured portfolios at attractive prices. Portfolios are usually sourced through bilateral negotiation or limited auctions, with a particular focus on financial entities and small-medium sized banks and financial institutions, often neglected by the larger investors.

Since 2015 Locam has been 100% owned by Seer-managed funds, and has been active in the Italian NPL market since 2002. Locam is licensed by the Bank of Italy as a financial institution under the recently adopted Section 106 licensing regime.